RICHMOND, Va. (AP) — RICHMOND, Va. (AP) — Performance Food Group Co. (PFGC) on Wednesday reported fiscal fourth-quarter profit of $150.1 million.
On a per-share basis, the Richmond, Virginia-based company said it had net income of 96 cents. Earnings, adjusted for non-recurring costs, came to $1.14 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.
The food distributor posted revenue of $14.87 billion in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $15.09 billion.
For the year, the company reported profit of $397.2 million, or $2.54 per share. Revenue was reported as $57.25 billion.
For the current quarter ending in September, Performance Food said it expects revenue in the range of $14.7 billion to $15 billion.
The company expects full-year revenue in the range of $59 billion to $60 billion.
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, source Associated Press News